Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$179,592$179,592$598,500
Remaining term (yrs)18.918.930.0
Secondary amount$0$418,908$0
Funding fee$898$898$0
Note rate3.980%3.980%7.400%
Blended rate3.980%6.619%7.640%
1st payment$1,123.94$1,123.94$4,143.89
2nd payment$0.00$2,705.45$0.00
Taxes / mo$145.58$145.58$145.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$119.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,436.19$4,141.63$4,575.84
Cash to close$485,408$66,500$66,500